Aussie-scalper

Bull Put spread- happy to buy if exercised ; positive earnings

Long
ASX:WTC   WISETECH GLOBAL LIMITED
Here is a global tech company / growth Gem in the shit times ( bargain?)....I 23% increased Revenue, and 197% profit > with more stellar growth pojected to the tune of +55%...With an all time high of $38 bucks, there's retest in the air over 12 months for a potential +55% mark up if get exercised on sold put at $24.50 by 15 OCT. If not stand to keep $500.00 premium paid after paying for long put below at $22.50.
Technically its a GAP UP on great report NEWS, with a slow slide this month back to 50 SMA . A pull back buy.

options spread:
sold 15 OCT PUT (A) strike 24.50 ...10 contracts ( 1000 shares) for -$1.07
buy Put 22.50......................................for +0.57 net -0.50 = $500 premium paid today.


Trade closed: target reached
Trade to make a living,
Not a fortune...

Comments

I am waiting for $20-$21 range for medium to long term holding.
Reply
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